The U.S. would benefit from easing tensions with China and Russia because that would open more space for American businesses to expand their global trade and investments, writes Michael Ivanovitch.
In spite of that, some people have always thought that developing America's capability of a devastating nuclear first strike could relegate the MAD to the dustbin of history. The U.S., those war-mongers believed, would obliterate the enemy and its second-strike chance to attack the United States.
Including China in the forthcoming arms talks is a good move. It can also be an important detail to enhance Washington's bargaining power in a decisive negotiating round where key aspects of a trade deal have yet to be settled. Remarkably, they also talked about trade. According to U.S. data, the bilateral merchandise trade last year reached a puny $27.5 billion. But that was still a 16% increase from 2017, despite punishing American sanctions on business dealings with Russia.
Pressing Beijing on structural reforms is a waste of time in a blind alley. The same is true of U.S. efforts to contain Beijing's seemingly unstoppable spread of global economic and political interests. The U.S. solution to the China problem is a robust and peaceful competition. China calls that cooperation, adding a "win-win" mantra to sugar coat a bitter pill for losers accumulating trade deficits.
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